Monday, March 23, 2009

Niarchos






Unlike the proverbial cat, one may expect the Premier Mine to enjoy only four lives. The first lasted from the discovery of the diamond pipe just before 1902 - and the formation of the Premier (Transvaal) Diamond Mining Company - until the outbreak of World War I when the mine was shut down and operated on a caretaker basis. By January of 1916 it was working again and production continued up to 1932 when mining operations ceased due to the depressed state of the diamond industry.


Working resumed in 1945, but its fourth life really began in 1979 with the opening up of the mine below the 'Gabbro' sill, a 70-meter geologic intrusion of barren rock which cuts right through the pipe some 400 meters below the surface. Production from this new source has not only given the mine its longest life, but one that should enable production to continue for another fifteen years

No comments:

Post a Comment